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More than 80 of the country's wealthiest people are paying the same or less income tax as the average worker, a shocking report has revealed. Ten years on from the economic crash, a combination of clever accounting and loopholes is allowing some of the country's richest individuals to minimise their contribution to the State's coffers. The Comptroller and Auditor General (C&AG) reviewed how 480 people, classified as 'High Wealth Individuals' (HWI), interact with the Revenue Commissioners.

A blacklist of 21 countries whose so-called “golden passport” schemes threaten international efforts to combat tax evasion has been published by the west’s leading economic thinktank. Three European countries – Malta, Monaco and Cyprus – are among those nations flagged as operating high-risk schemes that sell either residency or citizenship in a report released on Tuesday by the Organisation for Economic Cooperation and Development.

The vast so-called cum ex tax scandal which has rocked Germany in the past decade has already cost the country an estimated €30 billion. It was assumed that a change in the law in 2016 definitively outlawed such trades. But as a cross-border and undercover investigation now reveals, the trade is still flourishing and has targeted far more countries and has cost far more than was previously thought, affecting nearly all of the biggest economies in Europe. Is this the heist of the century?

A few times a year, the Treasury Department publishes a long list of names announcing all of the Americans who have lately abandoned their U.S. citizenship. According to the legal website International Tax Blog, the number hovered around 500 a decade ago. Last year, it hit a record high of nearly 3,000. This was not a gradual change. It was a sudden spike. It's a story of dominoes falling, one after another, leading to an unexpected outcome.

Turkey's prime minister said Saturday he will "go after" Twitter, accusing the site of tax-evasion, after it was used to spread damaging leaks implicating his inner circle in corruption claims. In a televised speech, Recep Tayyip Erdogan also launched a tirade against the nation's highest court for ruling against a ban on Twitter, charging that it put the rights of businesses above that of Turkey's.

Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google Inc and Amazon.com Inc.to shave billions of dollars off their tax bills.

Ten days after revelations about HSBC’s Swiss subsidiary first broke, the bank is now facing 10 separate inquiries around the world. On Wednesday Swiss prosecutors announced a criminal investigation into the Geneva-based bank’s activities, joining a growing list of investigations in jurisdictions across Europe, Asia, and both North and South America. Of perhaps the most immediate concern to the bank are statements from US Department of Justice officials...

The European Commission is considering an investigation into McDonalds' tax affairs after campaigners claimed the fast food giant had dodged more than €1 billion in taxes between 2009 and 2013 by diverting European revenues through a subsidiary in Luxembourg.

A vote in the European Parliament tomorrow could led to European multinational corporations reporting their taxes paid, and profits made, on a country by country basis. Without such a rule, multinationals can shift their profits from country to country with the sole intention of paying less tax, a practice exposed by the LuxLeaks investigation.

Eric Holder has gone back to work for his old firm, the white-collar defense heavyweight Covington & Burling. The former attorney general decided against going for a judgeship, saying he's not ready for the ivory tower yet. "I want to be a player," he told the National Law Journal, one would have to say ominously.

Toshiba's president and CEO Hisao Tanaka is stepping down after an investigative panel found that company executives were complicit in misreported earnings. The independent report said that Toshiba had exaggerated its operating profit by ¥151.8 billion ($1.2 billion) over the past six years. Vice chairman and former CEO Norio Sasaki is also out, and current chairman Masashi Muromachi will take over the role of interim CEO from tomorrow.

The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday.

The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. The study, by two left-leaning non-profit groups, found that nearly three-quarters of the firms on the Fortune 500 list of biggest American companies by gross revenue operate...

Facebook’s UK operations paid only £4,327 in taxes last year, less than the average worker. The small bill was despite the company being able to pay its 362 UK-based employees an average of £210,000 in pay and bonuses. It gave its London staff Facebook shares worth £35.4 million, according to the report, pushing its losses to £28.5 million and so hugely reducing its tax bill.

Shakespeare said that all the world’s a stage, but the sociologist Erving Goffman added that most of the interesting stuff lies behind the scenes, in what he called the “backstage” areas of everyday life. Having spent the past eight years doing research on the international wealth-management profession, I have to agree with Goffman: The most revealing information comes from the moments when people stop performing and go off-script.

When independent traders in a small Welsh town discovered the loopholes used by multinational giants to avoid paying UK tax, they didn’t just get mad. Now local businesses in Crickhowell are turning the tables on the likes of Google and Starbucks by employing the same accountancy practices used by the world’s biggest companies, to move their entire town “offshore”.

Court documents in a case between Microsoft and the IRS provide a detailed look at how the company, like other multinational corporations, has created a complex structure that allows it to minimize its tax bill. By Matt Day.